Domestic impacts of outward FDI in Taiwan: Evidence from panel data of manufacturing firms

2015 ◽  
Vol 39 ◽  
pp. 469-484 ◽  
Author(s):  
Wen-Hsien Liu ◽  
Pan-Long Tsai ◽  
Ching-Lung Tsay
Keyword(s):  
Panel Data ◽  
Manufacturing Firms ◽  
Outward Fdi

scholarly journals Two-dimensional analysis of the impact of outward FDI on performance at home: Evidence from Japanese manufacturing firms

2013 ◽  
Vol 27 ◽  
pp. 25-33 ◽  
Author(s):  
Kazunobu Hayakawa ◽  
Toshiyuki Matsuura ◽  
Kazuyuki Motohashi ◽  
Ayako Obashi
Keyword(s):  
Dimensional Analysis ◽  
Manufacturing Firms ◽  
Two Dimensional ◽  
Outward Fdi ◽  
The Impact ◽  
At Home

scholarly journals Effect of Work–Life Balance Practices on Firm Productivity: Evidence from Japanese Firm-Level Panel Data

2014 ◽  
Vol 14 (4) ◽  
pp. 1677-1708 ◽  
Author(s):  
Isamu Yamamoto ◽  
Toshiyuki Matsuura
Keyword(s):  
Panel Data ◽  
Firm Heterogeneity ◽  
Manufacturing Firms ◽  
Firm Level ◽  
Life Balance ◽  
Firing Costs ◽  
Japanese Firms ◽  
Long Run ◽  
Human Skills ◽  
Labor Hoarding

Abstract This article examines how firm practices that could contribute to worker attainment of work–life balance (WLB) affect the total factor productivity (TFP) of a firm, by using panel data of Japanese firms from the 1990s. We observed a positive correlation between the WLB practices and TFP among sampled firms. However that correlation vanished when we controlled for the unobserved firm heterogeneity, and we found no general causal relationship in which WLB practices increase firm TFP in the medium or long run. For firms with the following characteristics, however, we found positive and sizable effects: large firms, manufacturing firms, and firms that have exhibited labor hoarding during recessions. Since these firms are likely to incur large fixed employment costs, we infer that firms investing in firm-specific human skills or having large hiring/firing costs can benefit from WLB practices through a decrease in turnover or increase in recruiting effectiveness.

scholarly journals Firm Financial Status and Investment Behaviour: Evidence from Manufacturing Firms in Nigeria

2019 ◽  
Vol 22 (1) ◽  
pp. 73-92
Author(s):  
Alarudeen Aminu ◽  
Isiaka Akande Raifu
Keyword(s):  
Panel Data ◽  
Financial Crisis ◽  
Stock Market ◽  
Cash Flow ◽  
Instrumental Variable ◽  
Global Financial Crisis ◽  
Manufacturing Firms ◽  
Financial Status ◽  
Instrumental Variable Estimation ◽  
Investment Behaviour

AbstractThe study examines firm’s investment behaviour sensitivity to cash flow before, during and after the recent global financial crisis using the data of 28 firms listed on the Nigerian Stock Market during the period from 2001 to 2012. The contribution of the study to the existing literature rests on using financial crisis as basis for classifying firms as either financially constrained or unconstrained. Employing the panel data and instrumental variable estimation techniques, the study finds that firms’ investment behaviour sensitivity to cash flow was higher during the financial crisis than before or after the financial crisis. In other words, Nigerian firms were highly financially constrained during the last financial crisis.

Concentrated Promoters’ Ownership and Firm Value: Re-examining the Monitoring and Expropriation Hypothesis

Paradigm ◽  
2019 ◽  
Vol 23 (1) ◽  
pp. 70-82 ◽  
Author(s):  
Krishna Dayal Pandey ◽  
Tarak Nath Sahu
Keyword(s):  
Panel Data ◽  
Firm Value ◽  
Stock Exchange ◽  
Panel Data Analysis ◽  
Manufacturing Firms ◽  
Ownership Concentration ◽  
Active Monitoring ◽  
Effect Regression ◽  
Positive Effect ◽  
Corporate Finance And Governance

The study attempts to provide some fresh evidences, on the way in which ownership concentration by promoters influences firm value by re-examining two popularly known hypotheses, namely, monitoring and expropriation attached with the concept of ownership concentration. It uses a set of strongly balanced panel data consisting 91 manufacturing firms listed on Bombay Stock Exchange of India from 2009 to 2016 and employs fixed effect regression model under panel data analysis. The study documents a positive effect of concentrated promoters’ ownership on the value of Indian manufacturing firms and endorses the monitoring role played by large owners. It also accepts the possibility of co-existence of both monitoring and expropriation effects, with the former having a dominating influence, as the overall impact of large promoters is a trade-off between the benefits of active monitoring and cost of expropriation. The study is expected to have important implications in strategy making in the domain of corporate finance and governance and to act as a piece of reliable empirical evidence for the academicians and business analysts of this domain.

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